The main stock indexes in Europe are falling on Friday amid investors' withdrawal from risk due to the decline of the technology sector in the United States. In particular, the British FTSE 100 index fell to the level of 7,410.57 points. The French CAC 40 was 7,151.19 points, and the German DAX dropped to 15,610.85 points. Since the beginning of the week, these indices may show a decrease of 0.7%, 1.9% and 1.3%, respectively. The decline in the technology sector in the United States, in particular, the decline in the NASDAQ index by 0.9% on Thursday, has a negative impact on European markets. The indices are also restrained by the 0.9% depreciation of copper, which negatively affects the shares of companies in the mining sector, such as BHP Group, Rio Tinto and ArcelorMittal. The securities of these companies are declining by 1.3%, 1.2% and 1%, respectively. Investors also paid attention to macroeconomic data from Europe, including annual inflation in Germany. According to the final data, the growth rate of consumer prices is expected to slow down to 6.1% in August from the level of 6.2% in July. Investors are expecting a meeting of the European Central Bank next week. The key interest rate is expected to remain at the current level of 4.25% per annum.
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